EP Wealth Advisors LLC Acquires Shares of 10,619 Everi Holdings Inc. (NYSE:EVRI)

EP Wealth Advisors LLC acquired a new stake in Everi Holdings Inc. (NYSE:EVRI) in the fourth quarter, Holdings Channel reports. The fund acquired 10,619 shares of the credit services provider’s stock, valued at approximately $143,000.

Other institutional investors have also recently bought and sold shares of the company. Vestcor Inc bought a new stake in Everi in the 4th quarter valued at about $28,000. AlphaQuest LLC boosted its holdings in Everi by 97.8% in the 4th quarter. AlphaQuest LLC now owns 9,449 shares of the credit services provider’s stock valued at $128,000 after purchasing an additional 4,671 shares during the period. Proficio Capital Partners LLC bought a new stake in Everi in the 4th quarter valued at about $151,000. FNY Investment Advisers LLC bought a new stake in Everi in the 4th quarter valued at about $175,000. Finally, Trans Canada Capital Inc. bought a new stake in Everi in the 4th quarter valued at about $253,000. Institutional investors own 95.47% of the company’s stock.

Everi Stock Performance

Shares of Everi stock opened at $14.07 on Thursday. The company has a 50 day moving average of $13.74 and a 200-day moving average of $13.61. Everi Holdings Inc. has a 1-year low of $6.37 and a 1-year high of $14.10. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 3.84. The company has a market cap of $1.22 billion, a PE ratio of 93.81 and a beta of 1.31.

Everi (NYSE:EVRI) last issued its quarterly earnings results on Monday, May 12th. The credit services provider reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). Everi had a return on equity of 5.47% and a net margin of 1.72%. The firm had revenue of $181.30 million for the quarter, compared to the consensus estimate of $193.22 million. As a group, equities research analysts forecast that Everi Holdings Inc. will post 0.25 earnings per share for the current fiscal year.

Insider Transactions at Everi

In related news, Director Geoffrey P. Judge sold 7,332 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.73, for a total transaction of $100,668.36. Following the completion of the transaction, the director now directly owns 84,240 shares in the company, valued at $1,156,615.20. This represents a 8.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Todd A. Valli sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $13.75, for a total transaction of $412,500.00. Following the transaction, the chief accounting officer now owns 57,413 shares of the company’s stock, valued at approximately $789,428.75. This represents a 34.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Everi from a “hold” rating to a “buy” rating in a report on Thursday, April 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.83.

About Everi

Everi Holdings Inc develops and supplies entertaining game content, gaming machines, and gaming systems and services for land-based and iGaming operators in the United States, Canada, and internationally. It operates in Games and Financial Technology Solutions segments. The company offers classic mechanical reel games and video reel games, as well as TournEvent of Champions, a national slot tournament; and sells gaming equipment and player terminals, licenses, game content, and ancillary equipment, such as signage and lighting packages.